Bluejay Mining PLC Appointment of Non-Executive Director (7951X)
15 August 2018 - 4:00PM
UK Regulatory
TIDMJAY
RNS Number : 7951X
Bluejay Mining PLC
15 August 2018
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
15 August 2018
Bluejay Mining plc ('Bluejay' or the 'Company')
Appointment of Non-Executive Director
Bluejay Mining plc, the AIM and FSE listed company with projects
in Greenland and Finland, is pleased to announce the appointment of
Mr Ian Henderson as a Non-executive Director with immediate effect.
Mr Henderson is a pre-eminent figure in the natural resource
investment community and his appointment is designed to continue to
promote Bluejay and its flagship Dundas Ilmenite Project in
Greenland ('Dundas' or the 'Project') across the international
mining investment industry.
Mr Henderson has spent over 20 years at JP Morgan during which
time he ran both the UK Global Financials Fund and the firm's
Natural Resources funds, the latter of which, at their zenith,
comprised of assets approaching US$10 billion. Under his
leadership, JP Morgan's funds won over 10 investment awards and was
AAA rated by City Wire and other agencies, such as Morningstar and
S&P.
Before joining JP Morgan, Mr Henderson spent nine years as
Director and Chief Investment Officer of Wardley Investment
Services International and five years as an international portfolio
manager in London and New York for Morgan Grenfell & Co.
Mr Henderson has extensive board-level experience in both public
and private companies and acted as a Non-Executive Director of a
major West African gold producer Endeavour Mining Corporation
(TSX:EDV) ('Endeavour') from 2013 until 2017. Whilst on the board
of Endeavour, he acted as Chair of the Corporate Governance and
Nomination Committee and was a member of the Safety, Health and
Environment Committee.
Mr Henderson is currently a Non-executive Director of BMO
Capital Markets Ltd, the London based subsidiary of the Bank of
Montreal. He was recently appointed as Non-executive Director of RA
International Group Plc, an AIM listed company and a leading
provider of services to remote locations in Africa and the Middle
East.
Mr Henderson is a qualified accountant and graduated from
Edinburgh University with an MA in Philosophy & Politics and an
LLB in Scots Law.
Bluejay CEO Roderick McIllree said,
"For over 30 years Ian was widely regarded as one of the best
commodities managers in the City, with the JP Morgan Natural
Resources fund reportedly returning 764% over the last 10 years
that Ian was at the helm. Attracting someone of Ian's calibre, with
a track record of identifying and supporting some of the most
exciting and significant companies in the natural resources space
over recent decades, is a tremendous endorsement of both the
quality and commercial value of our assets, and our team's ability
to translate this potential into tangible returns for
shareholders.
"I am delighted to welcome Ian to the board and I look forward
to drawing on his significant commercial experience as we finalise
off-take discussions and progress Dundas through feasibility ahead
of commencement of production from the world's highest-grade
ilmenite project."
The information required by Schedule 2 Paragraph (g) of the AIM
Rules for Companies in relation to the appointment of Ian Ramsay
Henderson (aged 69) is as follows:
Current directorships Past directorships within 5
years
BMO Capital Markets Ltd Endeavour Mining Corporation
RA International Group Plc
Save as disclosed above, there are no further disclosures
required to be made in respect of the appointment of Ian Henderson
under Schedule 2(g) or Rule 17 of the AIM Rules for Companies.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
**ENDS**
For further information please visit http://www.titanium.gl or
contact:
Roderick McIllree Bluejay Mining plc +44 (0) 20 7907 9326
SP Angel Corporate Finance
Ewan Leggat LLP +44 (0) 20 3470 0470
---------------------------- ---------------------
SP Angel Corporate Finance
Soltan Tagiev LLP +44 (0) 20 3470 0470
---------------------------- ---------------------
Hannam & Partners Advisory
Andrew Chubb Ltd. +44 (0) 207 907 8538
---------------------------- ---------------------
Hannam & Partners Advisory
Ingo Hofmaier Ltd. +44 (0) 207 907 8532
---------------------------- ---------------------
Susie Geliher St Brides Partners Ltd +44 (0) 20 7236 1177
---------------------------- ---------------------
Charlotte Page St Brides Partners Ltd +44 (0) 20 7236 1177
---------------------------- ---------------------
Notes
Bluejay is dual listed on the London AIM market and Frankfurt
Stock Exchange and primarily focussed on advancing the Dundas
Ilmenite Project in Greenland into production in the near term.
Dundas has been proven to be the highest-grade mineral sand
ilmenite project globally, with a JORC Compliant Resource of 96
million tonnes at 6.9% ilmenite (in situ) and an Exploration Target
over the Iterlak Delta of between 20 million tonnes and 60 million
tonnes at between 6% and 10% ilmenite (in-situ) (see full Mineral
Resource Statement below).
The Company's strategy is focused on securing an offtake partner
and commencing commercial production at Dundas in the near term in
order to create a company capable of self-funding exploration on
current projects and future acquisitions.
Bluejay holds two additional projects in Greenland - the 2,586
sq km Disko-Nuussuaq ('Disko') Magmatic Massive Sulphide ('MMS')
nickel-copper-platinum project ('Ni-Cu-PGM'), which has shown its
potential to host mineralisation similar to the world's largest
nickel/copper sulphide mine Norilsk-Talnakh, and the 107sq km
Kangerluarsuk Sed-Ex lead-zinc-silver project ('Kangerluarsuk'),
where historical work has recovered grades of 41% zinc, 9.3% lead
and 596 g/t silver and identified four large-scale drill ready
targets.
The Company also has a 100% interest in a portfolio of copper,
zinc and nickel projects in Finland. This multi-commodity portfolio
has been restructured to be cost-sustainable whilst determining the
best plan for future development.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOABSGDIBSBBGIS
(END) Dow Jones Newswires
August 15, 2018 02:00 ET (06:00 GMT)
Bluejay Mining (LSE:JAY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bluejay Mining (LSE:JAY)
Historical Stock Chart
From Apr 2023 to Apr 2024